Banking and Financial Institutions Act 1989 · s 37

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s 37

(1)

The Bank may specify that—

(a)

a licensed local institution shall maintain, at all times, capital funds unimpaired by losses, in such ratio to all or any assets or to all or any liabilities, or to both such assets or liabilities, of the institution and all its offices in and outside Malaysia as may be set out in the specification; and

(b)

a licensed foreign bank shall maintain, at all times, net working funds unimpaired by losses, in such ratio to all or any of the assets or to all or any of the liabilities, or both such assets or liabilities, of the bank and all its offices in Malaysia as may be set out in the specification.

(2)

Where any licensed institution referred to in subsection (1) is a corporation within a group of corporations which are related, the accounts of the licensed institution shall not for the purpose of this section be on a consolidated basis unless the Bank otherwise specifies.